Next Auction date: 27th February 2020

   

Buying a property at auction

  • Buying a property at auction is becoming more popular each year, with thousands of people securing their dream home or an investment at the drop of a gavel. As a buyer, you enjoy a number of benefits when purchasing this way, such as:

    • Contracts are exchanged at the fall of the gavel, so you cannot be gazumped
    • You are able to see who else is interested in the property, so you can bid the price that you want to
    • As contracts are exchanged on the day, you can take possession of your purchase normally 20 business days later.
Buy at Auction image

Leaders now offers online auctions!

Buying at auction isn’t just for investors and cash buyers. Leaders’ online auction platform means that buyers have 28 – 56 days between exchange and completion, so there’s usually plenty of time to purchase your new property with residential auction finance.

Our online auctions offer buyers a swift purchase without the pressure and swift turnarounds associated with traditional room auctions. By combining the auction bidding process with the very best elements of a regular estate agent sale, online auction buyers can benefit from a secure and transparent sales process and are able to bid live from their computer or mobile device.

Select from the drop down to check properties available within the area:

Online Auctions

A guide to buying property at auction

Register for an auction catalogue

Step 1: Register for an auction catalogue

Register to receive the latest auctions catalogue and be amongst the first to see all future auction lots. The catalogue also contains all the information you need for auction day.

Viewings

Step 2: Viewings

Block viewings are made available for our properties, so you simply need to turn up at the allotted time – please don’t be late as this will limit your viewing time!

Download legal pack

Step 3: Download legal pack

Before bidding at the auction, we advise that you thoroughly satisfy yourself by reading the legal pack and consulting with a solicitor or licenced conveyancer.

preparation<

Step 4: Pre-auction preparation

Pre-registration is required ahead of the auction date in order to comply with Money Laundering Regulations 2017. Please fill in the registration form or email us for further information.

Auction day

Step 5: Auction day

Our auctions start at 1:30pm at Green Park Conference Centre, Reading. If you are the successful buyer of a property, you will need to pay 10% deposit of the sale price and a buyers charge. You also need to provide your proof of identity.

gavel

Step 6: At the fall of the gavel

If you are the highest bidder and the reserve price has been met at the fall of the gavel, contracts are exchanged. You will then sign a sale memorandum and pay the 10% non-refundable deposit and the buyers charge.

Completion

Step 7: Completion

Completion normally takes place just 20 working days (4 weeks) after the auction as per the special conditions of sale, when the balance of the purchase price is paid.

Request Auction catalogue

*Mandatory fields

Why not attend our next property auction?

Our auction room is located at the Conference Centre, 100 Longwater Avenue, Green Park – just off junction 11 of the M4 at Reading.

Situated within attractive landscaped grounds, there is free car parking on site and facilities including a restaurant serving drinks, snacks and hot meals.

100 Longwater Avenue

Green Park

Reading

RG2 6GP

GET DIRECTIONS

Meet your auction experts

Simon Clayton

Manager and Auctioneer

Simon has worked in the property industry for over 30 years and is a qualified member of the National Association of Valuers and Auctioneers.

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Gareth Bell

Auctioneer

Gareth has worked in the property industry for over 25 years. For over 15 years he has worked as an auctioneer overseeing residential and commercial disposals.

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Daniel Gale

Surveyor

Daniel has worked in the property industry since 2006. He has experience in residential and commercial property.

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How selling your home at auction works

How selling your home at auction works

Contrary to the belief that property auctions are only ideal for old or derelict properties, there are many reasons selling a property at auction could work for you. In particular, if you’re looking for a speedy sale and ...

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